Company profile

Ticker
CRAY
Exchange
Website
CEO
Peter Joseph Ungaro
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
Former names
Tera Computer Co
SEC CIK
IRS number
930962605

Calendar

2 Aug 19
11 Jul 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Jun 19 Mar 19 Dec 18 Sep 18
Revenue 68.7M 71.55M 163.36M 92.8M
Net income -42.56M -29.42M -13.33M -22.39M
Diluted EPS -1.03 -0.72 -0.33 -0.55
Net profit margin -61.95% -41.12% -8.16% -24.13%
Operating income -44.03M -29.98M -13.76M -23.21M
Net change in cash -57.59M -23.31M 61.59M 24.69M
Cash on hand 147.53M 205.12M 228.43M 166.85M
Cost of revenue 44.75M 45.52M 122.95M 67.99M
Annual (USD) Dec 18 Dec 17 Dec 16 Dec 15
Revenue 455.95M 392.51M 629.81M 724.69M
Net income -71.68M -133.83M 10.62M 27.54M
Diluted EPS -1.76 -3.33 0.26 0.68
Net profit margin -15.72% -34.10% 1.69% 3.80%
Operating income -74.25M -65.65M 9.14M 41M
Net change in cash 91.11M -85.64M -43.7M 154.03M
Cash on hand 228.43M 137.33M 222.96M 266.66M
Cost of revenue 325.97M 261.81M 409.59M 499.01M

Financial data from Cray earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
25 Sep 19 Efstathios Papaefstathiou Common Stock Sale back to company Dispose D No 35 25,054 876.89K 0
25 Sep 19 Ungaro Peter J Common Stock Sale back to company Dispose D No 35 3,443 120.51K 0
25 Sep 19 Ungaro Peter J Stock option Common Stock Sale back to company Dispose D No 27.1 64,803 1.76M 0
25 Sep 19 Ungaro Peter J Stock option Common Stock Sale back to company Dispose D No 18 100,000 1.8M 0
25 Sep 19 Ungaro Peter J Stock option Common Stock Sale back to company Dispose D No 31.45 28,000 880.6K 0
25 Sep 19 Ungaro Peter J Stock option Common Stock Sale back to company Dispose D No 27.83 30,000 834.9K 0
25 Sep 19 Ungaro Peter J Stock option Common Stock Sale back to company Dispose D No 26.58 36,000 956.88K 0
25 Sep 19 Ungaro Peter J Stock option Common Stock Sale back to company Dispose D No 19.64 53,000 1.04M 0
25 Sep 19 Ungaro Peter J Stock option Common Stock Sale back to company Dispose D No 12.08 65,000 785.2K 0
25 Sep 19 Ungaro Peter J Stock option Common Stock Sale back to company Dispose D No 6.08 100,000 608K 0
13F holders
Current Prev Q Change
Total holders 1 4 -75.0%
Opened positions 0 0
Closed positions 3 187 -98.4%
Increased positions 0 0
Reduced positions 0 1 EXIT
13F shares
Current Prev Q Change
Total value 0 2.19M EXIT
Total shares 0 62.92K EXIT
Total puts 0 51 EXIT
Total calls 0 32 EXIT
Total put/call ratio 1.6
Largest owners
Shares Value Change
Proequities 0 $0
Largest transactions
Shares Bought/sold Change
California State Teachers Retirement System 0 -62.87K EXIT
Glenmede Trust Co Na 0 -54 EXIT
Proequities 0 0
Simplex Trading 0 0

Financial report summary

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Management Discussion
  • Total revenue decreased by $59.6 million for the first six months of 2019 compared to the first six months of 2018, from $199.8 million to $140.2 million, due to lower product revenue. Product revenue was $63.8 million lower in the first six months of 2019 compared to the first six months of 2018, primarily driven by fewer high-dollar value product acceptances in the first half of 2019 as compared to the first half of 2018.
  • Net loss for the first six months of 2019 was $72.0 million compared to net loss of $36.0 million for the same period in 2018. The increase in net loss was primarily driven by lower product revenue, transaction costs of $7.6 million related to the Merger, and an increase in research and development costs of $13.7 million.
  • Net cash used in operating activities was $71.2 million for the first six months of 2019 compared to $0.2 million for the first six months of 2018. Net cash used in operating activities for the first six months of 2019 was primarily driven by our net loss, adjusted for non-cash expenses, of $56.0 million, and a $16.4 million decrease in customer contract liabilities as the associated revenue was recognized. These amounts were partially offset by a decrease in accounts receivable of $11.4 million due to payments from customers.
Content analysis ?
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H.S. sophomore Avg
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Removed: comparative, defending, replacement, slowdown